Post office still seeking rate hike for 2011
The U.S. Postal Service had asked for a 2-cent increase in the current 44-cent price for First Class stamps starting in January, but was denied by regulators. It plans to appeal.
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Post office requests 2-cent hike in stamp prices
The U.S. Postal Service lost $3.8 billion last fiscal year despite cutting 40,000 full-time positions and making other reductions.
It has continued to face significant losses this year.